After getting scolded by the Department of Energy for paying employees (with taxpayer dollars) to play cards and volunteer at local charities, the manufacturer of the Lithium-ion batteries for Chevy Volts finally got their assembly lines moving. . . Only to shut them down again because of “environmental concerns.” It’s kinda cute to watch liberals stumble through their own web of regulatory obstacles.
The LG Chem battery plant in Holland, Michigan was finally scheduled to manufacture a battery or two after years of endless delays. After receiving over $150 million in federal funds, and roughly $175 million in green-energy tax credits, the company decided that it should actually produce a product.
According to the original press reports, the company was supposed to hire over 400 workers, and start producing Lithium-ion batteries for the combustible Chevy Volt as early as 2012 – two years after they scrapped together some environmental fools willing to invest taxpayer dollars in their project. Serving as living proof that Liberals misunderstand the concept of business, the company then paid their workers. . . .well, to do nothing.
Earlier this year, the Department of Energy released an audit in which it reported that the company had only filled about half of its promised positions. Furthermore, the company had run into delays in actually conducting business. But, in an effort to avert giving any hard earned taxpayer dollars back to the Treasury, the company paid its workforce of 200 people to play cards, volunteer in their community, and generally slack off. Of course, this explains our current jobless recovery: Liberals clearly misunderstand the fundamental purpose of a job.
After the DOE audit, the company decided it should get around to doing what they received government funds, and crony capitalist tax credits, to do: Build highly toxic batteries for use in GM’s low quality inefficient hybrid, the Chevy Volt. But, c’mon. . . Let’s not rush into anything.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 1st, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 31st, 2014 | John Ransom